5 Philippine Companies Land on Forbes List of World's Biggest Companies
SM Investments, BDO Unibank, Top Frontier Investment Holdings, Ayala Corp., and Metropolitan Bank and Trust have once again been recognized in Forbes’ prestigious Global 2000 list, which ranks the world’s biggest and most valuable companies.
This year, only five Philippine companies made it to the list, down from six in 2021 as LT Group was dropped from the rankings.
The Forbes Global 2000 ranks companies based on four metrics: sales, profits, assets, and market values within the last 12 months. Companies that make the list are typically considered the best performing businesses in their respective industries.
This year, Warren Buffett’s Berkshire Hathaway topped the list, followed by China’s ICBC. Closing the top three were Saudi Arabian Oil Company, JP Morgan Chase, and China Construction Bank. Amazon came in sixth, followed by Apple, Agricultural Bank of China, Bank of America, and Toyota Motor.
From the Philippines, SM Investments ranked the highest among the five Filipino companies, coming in at 1008th place. SM Investments recorded $8.14 billion in sales, $781 million in profit, $26.1 billion in assets, and $20.01 billion in market value. Another Sy family business came in second: BDO Unibank ranks 1105th in the world with $4.28 billion in sales, $904.2 million in profit, $69.48 billion in assets, and $11.32 billion in market value.
San Miguel Corporation’s holding company Top Frontier is the third highest ranking Philippine company on the list, coming in at 1241st place with $17.34 billion in sales, $44 million in profit, $41.25 billion in assets, and $745 million in market value.
The Zobel-run Ayala Corp. came in fourth at 1931th place overall with $4.58 billion in sales, $563.4 million in profit, $26.5 billion in assets, and $8.96 billion in market value.
And the last Philippine company on the Forbes Global 2000 list was the Ty family’s Metropolitan Bank and Trust. Metrobank ranked 1944th in the world with $2.34 billion in sales, $449.5 million in profit, $49.11 billion in assets, and $4.76 billion in market value.
The 2000 companies that made the list have raised $47.6 trillion in revenues, $5 trillion in profits, $233.7 trillion in assets, and $76.5 trillion in market value. Of the 58 countries that were represented on the list, 590 were U.S. companies, 351 were Chinese/Hong Kong companies, and 196 were Japanese companies.